7 trends in Robotic Automation Process (RPA)
Robotic Process Automation (RPA) is a rapidly growing technology that automates routine, repetitive tasks that are time-consuming and error-prone for humans. It's a digital workforce that uses software robots to perform tasks that are typically done by humans.
With the advancements in AI and machine learning, the RPA market is expected to grow to €6.44 billion by 2024 (according to a report by ReportLinker Insights).
In this blog post, we'll explore the latest trends in RPA.
Integration with AI and machine learning
One of the biggest trends in RPA is the integration of AI and machine learning. This has enabled RPA to go beyond just automating routine tasks to making intelligent decisions, handling exceptions and adapting to changing circumstances. This integration has enabled RPA to automate more complex tasks, reduce human involvement, and improve accuracy.
Cloud-based RPA
Cloud-based RPA has become increasingly popular as it provides many benefits such as scalability, security, and cost-effectiveness. With cloud-based RPA, companies can deploy RPA solutions quickly, scale them as needed, and access them from anywhere in the world. This has made RPA accessible to a wider range of organizations, regardless of their size or location.
Multi-lingual and multi-currency support
Another trend in RPA is the ability to support multiple languages and currencies. This has made RPA a global technology, accessible to organizations worldwide. RPA can now handle tasks such as data entry, customer service, and invoicing in different languages and currencies, providing organizations with a competitive advantage in a global marketplace.
Low-code/no-code platforms
Low-code/no-code RPA platforms have become increasingly popular, making it easier for non-technical users to create and deploy RPA solutions. These platforms provide a visual interface for creating RPA workflows, eliminating the need for coding skills. This has enabled organizations to quickly create and deploy RPA solutions, reducing the time-to-value and allowing for faster ROI.
Increased collaboration between humans and robots
RPA is not meant to replace humans, but rather to augment their capabilities. One of the latest trends in RPA is the increased collaboration between humans and robots. This collaboration enables RPA to handle routine tasks, freeing up human workers to focus on more strategic and creative tasks. This collaboration has resulted in improved efficiency and accuracy, as well as increased job satisfaction for human workers.
Increased security and compliance
With the increasing use of RPA, security and compliance have become major concerns. The latest trends in RPA include increased security measures such as encryption, secure data storage, and access controls. RPA solutions are also being designed to meet industry-specific compliance requirements, such as GDPR and HIPAA.
Increased focus on user experience
Finally, the latest trends in RPA include an increased focus on user experience. RPA solutions are being designed with the end-user in mind, making them easier to use and more intuitive. This has resulted in increased adoption of RPA by organizations, as well as increased satisfaction among users.
In conclusion, the RPA market is rapidly growing and evolving, with new trends emerging all the time. The integration of AI and machine learning, cloud-based RPA, multi-lingual and multi-currency support, low-code/no-code platforms, increased collaboration between humans and robots, increased security and compliance, and increased focus on user experience are just a few of the trends driving the growth of this technology. With these trends and advancements, RPA is becoming an increasingly valuable tool for organizations looking to improve efficiency, reduce costs, and gain a competitive advantage.
Sources :
ReportLinker Insights, "Global Robotic Process Automation Market (2020-2024)," accessed January 30, 2023, https://www.reportlinker.com/p05958169/?utm_source=GNW
Forbes, "The 6 Key Trends Driving The Growth Of Robotic Process Automation," by Brent Leary, June 28, 2019, https://www.forbes.com/sites/brentleary/2019/06/28/the-6-key-trends-driving-the-growth-of-robotic-process-automation/?sh=5a0e13f1307d
Gartner, "RPA: A Key Enabler for Digital Transformation and Cost Reduction," by Fabrizio Biscotti, June 17, 2020, https://www.gartner.com/en/newsroom/press-releases/2020-06-17-gartner-rpa-a-key-enabler-for-digital-transformation-a
Techopedia, "Robotic Process Automation (RPA)," accessed January 30, 2023, https://www.techopedia.com/definition/34225/robotic-process-automation-r
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